Thanks for your analysis. Fantastic as always.
My point was that the oversupply story for a few more years has been doing the rounds on socials. Like I said I take long term forecasts with a grain of salt. That narrative along with a low and flatlined price for lithium this year has seen long positions in lithium companies drop substantially. So even though we are doing quite well and drilling is underway, there's a lack of speculators pumping up the price to a fair value.
I think gone are the days in the short term of increasing 10-15c in a day like we did in Oct/Nov. Although we may get some action if Jaegar is fantastic. The risk I dont want to play out is that we do our drilling this year and are unable to cap raise at a decent price or worse, get taken over on the cheap.
If as you say, demand increases much stronger than supply quicker than people expect, we may have some very good runs. We should know by the start of the 4th quarter whether Jaegar is a good as we hope it to be.
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